Truffle Hound Capital LLC purchased a new stake in shares of Bancolombia S.A. (NYSE:CIB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 350,000 shares of the bank's stock, valued at approximately $11,028,000. Bancolombia makes up 3.9% of Truffle Hound Capital LLC's investment portfolio, making the stock its 3rd biggest holding. Truffle Hound Capital LLC owned about 0.15% of Bancolombia at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE boosted its position in Bancolombia by 5.9% in the fourth quarter. US Bancorp DE now owns 5,594 shares of the bank's stock valued at $176,000 after buying an additional 312 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Bancolombia by 74.7% during the 4th quarter. Lindbrook Capital LLC now owns 968 shares of the bank's stock valued at $31,000 after acquiring an additional 414 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Bancolombia by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,246 shares of the bank's stock valued at $72,000 after acquiring an additional 657 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Bancolombia by 6.5% in the fourth quarter. Ballentine Partners LLC now owns 11,209 shares of the bank's stock worth $353,000 after acquiring an additional 680 shares during the period. Finally, Measured Wealth Private Client Group LLC raised its holdings in shares of Bancolombia by 13.4% during the fourth quarter. Measured Wealth Private Client Group LLC now owns 8,848 shares of the bank's stock worth $279,000 after purchasing an additional 1,048 shares during the last quarter.
Bancolombia Price Performance
Shares of CIB stock traded up $0.44 during mid-day trading on Wednesday, hitting $44.32. 442,864 shares of the stock were exchanged, compared to its average volume of 287,967. Bancolombia S.A. has a 52-week low of $30.25 and a 52-week high of $44.87. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The company has a market cap of $10.66 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 2.47 and a beta of 1.22. The firm has a fifty day moving average of $40.19 and a 200 day moving average of $34.99.
Bancolombia (NYSE:CIB - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The bank reported $1.57 EPS for the quarter, beating the consensus estimate of $1.35 by $0.22. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.41 billion. Bancolombia had a return on equity of 14.61% and a net margin of 14.14%. Research analysts anticipate that Bancolombia S.A. will post 6 earnings per share for the current year.
Bancolombia Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued a $3.8119 dividend. This represents a $15.25 annualized dividend and a yield of 34.40%. The ex-dividend date is Monday, March 31st. This is a positive change from Bancolombia's previous quarterly dividend of $0.80. Bancolombia's payout ratio is presently 241.90%.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on CIB shares. The Goldman Sachs Group lifted their price objective on Bancolombia from $31.00 to $35.00 and gave the company a "sell" rating in a research note on Monday, February 24th. Morgan Stanley raised Bancolombia from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $40.00 to $53.00 in a report on Tuesday, January 28th.
View Our Latest Stock Analysis on CIB
Bancolombia Profile
(
Free Report)
Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.
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